Massachusetts fires Goldman Sachs

By

Cardiff de Alejo Garcia

February 6, 2008 Updated: 5:46 a.m. GMT

The Massachusetts state pension fund has fired a money manager for the fifth time in five months, terminating a $1.2bn (Ã¢ÂÂ¬820m) contract with Goldman Sachs because of alleged substandard performance and discomfort with staff changes at the bank.